Application of blockchain technology has gone far beyond the financial industry. Today, many companies in a wide variety of industries are testing the potential of this innovation to streamline complex processes and transactions, making them faster, cheaper and more transparent. The telecommunications industry is no exception and industry players are now considering how blockchain can impact their businesses. EncryptoTel, an intriguing implementation of these new technologies, offers privacy-oriented encrypted audio and video calling for individuals and groups through its secure blockchain-based communications infrastructure.
EncrpytoTel: an undervalued startup
There are various instances where projects have held a successful ICO but have then been forced to delay development or even shut down due to various technical and operational issues. EncryptoTel, with its far-reaching and game-changing concept, is emphatically not one of these. Following a $4.4 million crowdfunding campaign, the company managed to implement the promised beta version of its product – a secure PBX platform, which is available on the website. Soon, with further developments and fixes to the existing version, EncryptoTel will be launching the fully-fledged iteration of its product, complete with integrated blockchain services. This launch will allow the company to enter the market with extra functionality, in addition to the usual features of the traditional cloud PBX systems.
Despite this, EncryptoTel Tokens (ETT) are currently traded at a significant discount to the original sale.
EncryptoTel: Background and strategic partnerships
EncryptoTel is backed by industry veterans and professionals in the telecoms industry. The team successfully conducted their crowdsale on the Waves Platform, exceeding their target investment. They have been involved in the development of blockchain-driven cloud solutions for over six months now, creating a decentralised telecommunications infrastructure. This solution will be available for both corporate and individual users, on multiple platforms including Android and iOS.
EncryptoTel has entered into an agreement with the Russian federal telecommunications operator Mtel Ltd. regarding a strategic cooperation and the use of PBX for all existing customers. In addition, it has also forged a strategic alliance